Insider Selling: Natural Gas Services Group, Inc. (NYSE:NGS) Director Sells 3,096 Shares of Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 3,096 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.50, for a total transaction of $75,852.00. Following the completion of the transaction, the director now directly owns 545,291 shares in the company, valued at approximately $13,359,629.50. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Stephen Charles Taylor also recently made the following trade(s):

• On Wednesday, November 13th, Stephen Charles Taylor sold 2,191 shares of Natural Gas Services Group stock. The shares were sold at an average price of $24.50, for a total transaction of $53,679.50.
• On Monday, August 26th, Stephen Charles Taylor sold 3,181 shares of Natural Gas Services Group stock. The stock was sold at an average price of $22.00, for a total value of $69,982.00.
• On Tuesday, August 20th, Stephen Charles Taylor sold 4,690 shares of Natural Gas Services Group stock. The shares were sold at an average price of $22.14, for a total value of $103,836.60.

Natural Gas Services Group Price Performance

NGS stock opened at $25.02 on Friday. The company has a market capitalization of $312.00 million, a P/E ratio of 23.60 and a beta of 1.03. Natural Gas Services Group, Inc. has a 52-week low of $12.75 and a 52-week high of $25.24. The company has a fifty day moving average price of $20.45 and a 200-day moving average price of $20.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 2.34.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $38.49 million for the quarter, compared to the consensus estimate of $36.79 million. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. During the same period in the previous year, the business earned $0.10 EPS. As a group, equities analysts expect that Natural Gas Services Group, Inc. will post 1.23 EPS for the current year.

Hedge Funds Weigh In On Natural Gas Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in NGS. MetLife Investment Management LLC increased its position in Natural Gas Services Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,564 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Natural Gas Services Group by 54.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 3,056 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Natural Gas Services Group during the second quarter worth $208,000. Rhumbline Advisers lifted its holdings in Natural Gas Services Group by 2,513.0% in the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after buying an additional 11,610 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Natural Gas Services Group during the third quarter valued at $261,000. 65.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Raymond James assumed coverage on shares of Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 target price for the company.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.